Business

Volvo Cars will postpone U.S. shipments of its best-selling electric car model as it shifts production from China in the wake of tariff hikes.

DUBLIN, Va. — U.S. Class 8 retail truck sales paced a bit below expectations through May and are now expected to total 260,000 to 270,000 in 2024, according to VTNA executive Magnus Koeck.

Alimentation Couche-Tard Inc., Canada’s most valuable retailer, tapped Chief Operating Officer Alex Miller to take over as CEO as the company explores more merger and acquisition deals.

U.S. oil production will decline if the corporate-acquisition spree sweeping the shale sector is prolonged, according to a Federal Reserve Bank of Dallas survey.

Vinn White, who already leads the Department of Transportation’s artificial intelligence effort, has been named acting leader of the Federal Motor Carrier Safety Administration.

EAST PALESTINE, Ohio — The head of the National Transportation Safety Board said Norfolk Southern tried to interfere with the agency’s investigation into the East Palestine derailment.

Dozens of U.S. industry associations urged the White House to help restart talks between East and Gulf coast dockworkers and port operators, saying a strike is the last thing the economy needs.

FedEx Corp. forecast profit above Wall Street’s expectations and said it would buy back $2.5 billion of its stock over the next year.

Volkswagen will invest $5 billion to form a joint venture with electric vehicle maker Rivian Automotive, throwing a lifeline to the startup and giving VW access to Rivian's technology.

General Motors on June 25 named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise.